China¡¦s economy has bloomed for over 30 years
since its policy of reform and open door. China is ranked Top 2 economic entity
in the world. Unfortunately, public ownership, which is supposed to be the main
sector of economy, is gradually surpassed by non-public ownership. There has not
been any relevant data in official document until Nanfang Daily, dated 11
March (quoted by Wen Wei Po, dated 12 March), discloses the truth. The
article states that the non-public ownership of economy has started from
nothing, then from weak to strong, and getting stronger and stronger. Nowadays,
the non-public ownership accounts for over 90% of the main sector of market
economy, produces over 60% of GDP, over 80% of employment, over 65% of fixed
asset investment, and over 67% of Foreign Direct Investment. The article
continues: due to those great achievements, we have no reason to change the
current policy; in order to build a general well-off society, it is necessary to
mobilize different sectors of society. ¡¥Any idea of negating public ownership or
non-public ownership is all wrong, as it is not compatible to the interests of
the majority or to the requirements of development.¡¦

The above figures show that the sector of public
ownership, which was emphasized by CPC, is no longer the main sector of economy.
It accounts for less than 10% of the market, produces less than 40% of GDP, less
than 35% of fixed asset investment, and less than 20% of employment.

It seems that the Chinese government is
reluctant to disclose those figures which may bring negative effects on the
sector of public ownership. However, what Nanfang Daily has disclosed
clearly proves that public ownership is no longer the main sector, and the
authorities have also provided the non-public ownership a policy of development
regulation. Ironically, it reiterates that ¡¥keeping
public ownership as the mainstay of the economy and allowing diverse forms of
ownership to develop side by side
which is the basic system of economy¡¨, and ¡§unswervingly encourage, support, and
guide non-public ownership, which is the main direction of the policy of the
Party and the country¡¨ (quoted from
Wen Wei Po, dated 12 March). The
sector of non-public ownership has developed stronger than the public ownership.
The latter is suppressed by the system of privatization. China is reinforced to
become a capitalist country. It is tragic for CPC to make China develop like
that. The last quotation of ¡§the idea of negating non-public ownership¡¨,
discloses that there is disagreement to the government¡¦s support for the
economic development of the sector of non-public ownership. In reality, China
has already become a capitalist country with the system of privatization revived
and even dominant. However, the CPC still claims that China is a socialist
country (with Chinese characteristics). For example, in November 2015, the CPC Central Committee¡¦s
Proposal on Formulating the
Thirteenth Five-year Plan (2016-2020) on National Economic and Social
Development,states
that the Central Committee of CPC, with Comrade Xi Jinping as the General
Secretary, reiterates adherence to socialism with Chinese characteristics.

This is absolutely not socialism that Marxism proposes with public ownership of
production materials being the basic system. The socialist system is to abolish
exploitation, to implement ¡§from each according to his ability, to each
according to his deeds¡¨ at the primary stage, and then ¡§from each according to
his ability, to each according to his needs.¡¨ Nowadays, what China has carried
out is absolutely not socialism, but the revival of capitalist system. China has
never realized the state of ¡§from each according to his ability¡¨, as there are
massive unemployment and semi unemployment. The policy line of CPC has given up
socialism, but it still insists to usurp the name of ¡¥socialism¡¦. It is indeed a
grave mistake and a betrayal!